Financial Technology

Financial Technology

November 04, 2011

Ocean Tomo Announces Reconstitution of Company's 300 Patent Index

Ocean Tomo, a Chicago-based provider of diversified intellectual property-related services, announced that the Ocean Tomo 300 Patent Index (OTPAT), a diversified listing of the 300 companies that own the most valuable patent portfolios relative to the book value of the company, has been reconstituted.

According to Ocean Tomo, the 300 member companies have an average market capitalization of $27 billion, and a median market capitalization of $9 billion. The small cap, mid cap, and large cap securities are weighted roughly 10 percent, 40 percent, and 50 percent, respectively. The three sectors with the greatest weightings are Technology (35 percent), Consumer Non-Durables (29 percent), and Basic Materials (10 percent). The Index provides a meaningful benchmark for the performance of companies in today’s intangible asset-driven economy. Investment is via the Guggenheim Ocean Tomo Patent ETF (OTP).

The OTPAT has been published for the sixth year now and the index is stated to have acknowledged companies that have featured in the index in all six years including: Baker Hughes (News - Alert) Inc, JDS Uniphase Corporation, Pfizer Inc., and Tellabs Inc.

The list of the companies contributing to the reconstituted index can be found here and there are 79 companies contributing to the Ocean Tomo 300 Patent Index for the first time this year. These companies include: 8x8 Incorporated, KT (News - Alert) Corporation, Tesla, Coinstar and Steelcase.

Officials with Ocean Tomo ascertained that patent-driven corporate acquisitions are now common. The Ocean Tomo 300 Patent Index not only accounts for this rapidly evolving asset class, it also provides a broad indication of companies already holding key intellectual property.

Ocean Tomo also added that from its inception in January 2007 through July 2010, the OT300 outperformed the S&P 500 by 877 basis points. This performance record is auspicious and confirms the relevance of the OT300 as the natural benchmark for the U.S. economy. The Index, licensed to Guggenheim, creator of a family of Exchange Traded Funds or ETFs traded on NYSE Arca (News - Alert), is priced and published by the NYSE Euronext (NYSE: OTPAT) and has been recognized by the exchange as the first major broad market index in 35 years.

Nathesh is a contributing editor for TMCnet. To read more of Nathesh's articles, please visit his columnist page.

Edited by Stefanie Mosca

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